Thursday, June 25, 2015

Delavan Lake Sales and Prices Both on the Rise

     As has been seen around the country, prices and sales have gained momentum around Delavan Lake.  There are now seven properties with water frontage that have sold and five more under contract.  With only 23 waterfront properties left in inventory, this is also putting some upward pressure on prices.
     The most recent sales around the lake include a four bedroom remodeled two-story along Browns Channel.  Listed at $220,000 the owners held out for a solid $210,000 purchase price.  The property features a large waterfront deck and walk out lower level.
Recent sale on Browns Channel with walk out lower level.
     On the main body, three sales in the last month included two on the South Shore and one on the North Shore.  The South Shore homes featured a stately Colonial on 75 feet of frontage with manicured gardens and a lakeside master suite with private balcony.  Listed at $1,295,000 the home sold for $1 million with additional dollars being allocated to personal property.
Elegant South Shore sale on prime frontage
     Also on the South Shore was a renovated compound on 100 feet of frontage next to the community park.  The property included a four-bedroom home, lake side swimming pool, garage with apartment and a lakefront cabana complete with bar, fireplace and half bath.  A unique property expertly remodeled by the owners, the home listed for $1,050,000 and sold for $1,025,000.
Renovated South Shore compound with lake side pool and waterfront deck.
     The North Shore sale topped the price point for sales on the lake this year.  Wedged into 67 feet of frontage, this six-bedroom Victorian comes off more as a museum than a lake house.  Its inlaid floors, Kohler fixtures and granite are all of excellent quality, however, the home is situated next to rows of cottages and lacks the lakefront that a 6,000 square foot home deserves.  Listed originally at $2.6 million in 2007, the property finally succumbed to an offer price of nearly half that amount; $1,350,000; which compared to other offerings, was still a rich premium.
The Museum House on North Shore lacking yard and privacy.

Friday, June 19, 2015

View, Boat Slip and Space for Guests

     It is a pretty simple equation when trying to figure out what buyers of Delavan Lake access homes are looking for.  They want a boat slip.  They want a view.  They want space for guests.  And they want it all for a good value.  Hopefully, $300,000 or less.
     A newly listed vacation property, at 4426 East Drive, offers all of these items an outstanding price of only $260,000. 
Channel front side of 4426 East Drive
     Located at the mouth of Brown's Channel, the property is just off the main body, yet has quality access, expansive views and room for visitors.
     The main level is set for entertaining with an open kitchen and eating area and cozy great room with a retro natural fireplace.  There is also a full bath and laundry area.
     The upper level contains two small guest bedrooms and a large master suite. From the view of the master suite, you can take in the entire east end of Delavan Lake.  The master also has a private bath and balcony that overlooks both Browns Channel and the main body.
View from Master Suite Balcony
     This home is part of the South Shore Manor Association so it also has access to a lakefront park, private beach and private boat launch that it reserved for members only.
     The property offers all the elements needed for a easy to use, easy to enjoy, lake access property.